New Zealand Building Permits for January: +16.5% m/m (prior +5.1%)

NZ building consents are a volatile data set, but wow, this is a strong jump for the previous result.

+16.5% m/m

• prior +5.4% in December, revised from +5.1%
• The biggest leap for this number since July of 2015

The y/y result is +30.3%